we should note that the fbi said that this problem largely affected the small to medium sized banks and credit unions, those large banks of course are not excluded from this. back to you. >> in a collective move, the defense secretary leon panetta is in china this week. he met with china's likely heir apparent who was of course inexplicably missing from the public scene until just a few days ago. japanese attacks on our u.s. companies and the infrastructure, panetta says he brought up the issue at every session but came away with little more than agreements to keep talking with the chinese. >> indeed, simon. a federal reserve report out today shows household net worth in the u.s. fell between april and june of this year. household debt rose a rate of 1.3%. that's the biggest jump since the first quarter of 2008. >>> jpmorgan meanwhile is ramping up its call on the s&p 500. they are expecting a melt-up into election day with the s&p exceeding 1,495 short term. jeff kilburg, what do you think. >> it is hard to disagree with this. one week ago chairman bernanke essentially green lighted al